Business Entities

Can I have a sole proprietorship and an LLC with the same name? Once you change to an LLC, you must have a unique name for your business. If the business name you wish to use is registered in your state already, you won’t be able to start your LLC with that same name – … Read more

Is LLC same as PLLC? PLLCs and LLCs are essentially the same business structure. However, anyone looking to form a business that provides professional services will need to consider which structure is best for them. While only three states require licensed professionals to form a PLLC, at least thirty states offer the option. Read more … Read more

Should an artist get an LLC? For a majority of rising artists, a limited liability company (or LLC) will make the most sense, as opposed to a partnership or corporation. (LLCs offer legal protection partnerships don’t. They also need less maintenance than full-fledged corps. Read more on stem.is You might be considering creating an LLC … Read more

Can a Wyoming LLC own a California LLC? To obtain the protections offered by Wyoming or the other strong asset protection states you can create an LLC in one of these states and have it own your California LLCs. In this way the out of state LLC does not fall within the jurisdiction of California, … Read more

Is LLC and INC the same? LLC”””” stands for “”””limited liability company.”””” The abbreviations “”””inc.”””” and “”””corp.”””” indicate that a business is a corporation. Both LLCs and corporations are formed by filing forms with the state. Both protect their owners from liability for business obligations. Read more on www.legalzoom.com Selecting the appropriate legal structure is … Read more

Is LLC and pllc the same? PLLCs and LLCs are essentially the same business structure. However, anyone looking to form a business that provides professional services will need to consider which structure is best for them. While only three states require licensed professionals to form a PLLC, at least thirty states offer the option. Read … Read more

Is a PA an LLC? If you’re starting a business that provides a professional service, you could consider both a professional association (PA) or a limited liability company (LLC). If, on the other hand, you’re starting a business selling goods, such as a hardware store, you do not have the option of a PA. Read … Read more

Is incorporated the same as LLC? LLCs are technically formed, while corporations (S corporation or C corporation) are incorporated. Read more on www.wolterskluwer.com An thrilling and overwhelming experience, starting a business may be, especially when it comes to legal frameworks. When starting a business, one of the most frequent questions is whether to incorporate or … Read more

What is the difference between a single member LLC and an S corp? So the main difference is with a single-member LLC, only the business owner can report business profit/loss on their personal taxes, whereas in an S-Corp, all shareholders can. This gives the business owner the legal and organizational benefits of an LLC, but … Read more

What is the difference between a standard LLC and Series LLC in Illinois? A Series LLC must first file Articles of Organization with the Illinois Secretary of State (Form LLC-5.5(S)) just as a standard LLC does. The only difference is the filing fee ($400 instead of $150) and an additional provision that must be added … Read more